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Donald Duke pleads with AMCON to settle N537m debt out of court

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Donald Duke

A former governor of Cross River State, Mr. Donald Duke, says he is exploring out-of-court settlement with the Asset Management Corporation of Nigeria in respect of an alleged debt of N537,334,360.77.

Counsel for the former governor, Edoigiawerie Omoruyi, told the Federal High Court in Lagos on Monday that his client had already approached AMCON.

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Omoruyi prayed Justice Nicholas Oweibo to give the parties the opportunity to talk.

AMCON’s lawyer, Austin Erhabor, confirmed the position, saying, “In the spirit of trust and fairness, we will concede to an adjournment to enable us to finalise possible settlement.”

Consequently, Justice Oweibo adjourned till September 11, 2019 for report of settlement.

AMCON and the United Bank for Africa had, on August 8, 2019, obtained a court order to take over Duke’s house in Ikoyi over the alleged debt.

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